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Company and Saudi Prince compete for land near Piešťany

A company called Eltec, which recently announced its intention to build a new industrial park in the village of Moravany nad Váhom, near Piešťany (Trnava region), is competing for land with an unnamed Saudi Arabian prince, it was reported on March 31.

A company called Eltec, which recently announced its intention to build a new industrial park in the village of Moravany nad Váhom, near Piešťany (Trnava region), is competing for land with an unnamed Saudi Arabian prince, it was reported on March 31.

The company plans to prepare 19 hectares of unoccupied land for companies focused on light industry. The projected investment costs are expected to amount to Sk181 million (€5.5 million). However, the land adjoins an area where the prince plans to build a recreation centre for the guests of the nearby Piešťany spa. Only the local Striebornica stream separates the two areas.

Mayor of Moravany nad Váhom, Peter Hulman, said that the locals are inclined to sell their land to the prince, who, according to the mayor, is ready to pay in cash. In addition, Eltec has so far offered the land's owners less than the asking price. Hulman added that the issue should be resolved in the next few days. TASR

Compiled by Zuzana Vilikovská from press reports

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